Every first Friday of the month I am reminded of the lack of diversity in media. Bloomberg, Fox Business, and CNBC never mention us during jobs report Friday unless Steve Leisman runs out of something to say, so I do my very small part in giving you the “ethnic minority” angle on economic news, unless you think you are doing well because you paid too much to finance that depreciating foreign madevehicle that few people see you in ….
….. but I digress ….
News from the U.S. Department of Labor:
“Total nonfarm payroll employment increased by 175,000 in February, and the unemployment rate was little changed at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in wholesale trade but declined in information.”
The unemployment rate for blacks is 12.0% while the rate registered at 8.1% for Hispanics. The jobless rate for Asians, a minority group long forgotten by America’s political economy for at least the last two decades, saw an unemployment rate at 6.0%.
Good news for blacks. Approximately 106,000 blacks entered the ranks of the employed in February and approximately 96,000 black people entered the labor force in February, testing the labor market for employment opportunities.
Approximately 60,000 Hispanics found work in February as well while an additional 8,000 Hispanics entered the labor force in search of work.
Bad weather my ass. It sounds like people fought the snow and ice to find a way to feed their kids taking advantage of an albeit sluggishly growing economy….
Alrighty …We now return you to post #Scandal chatter and regularly scheduled vanilla news already in progress….